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Jim Cramer Urges Investors to Keep Faith in Meta After Spending Spike

Key Points: Meta Platforms saw its stock drop over 9% after announcing a massive increase in future technology spending. The social media giant raised its capital expenditure budget by $10 billion to fund artificial intelligence projects. Jim Cramer reminded investors that Meta successfully bounced back from a similar spending crisis in 2022. Despite the stock drop, Meta beat financial expectations and showed strong growth in...

Blue Owl Scores Massive Profit Selling Half Its SpaceX Stake

Key Points: Blue Owl sold exactly half of its SpaceX shares at a $1.25 trillion valuation. The alternative asset manager secured a massive 10 times return on its original investment. SpaceX plans to launch a record-breaking public stock offering later this year to raise $75 billion. The upcoming public listing could elevate SpaceX founder Elon Musk to the status of the world's first trillionaire. New...

Oil Prices Cool After Hitting Four-Year High Amid US-Iran War

Key Points: Brent crude prices settled near $110 a barrel after briefly surpassing $126 earlier in the trading session. The ongoing conflict between the United States and Iran keeps the critical Strait of Hormuz closed to energy shipping. American crude oil exports reached a record 6 million barrels per day as global buyers replaced lost Middle Eastern supplies. Iran's supreme leader vowed to maintain control...